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01/25/2018 13:22:39

Soros says Trump administration is 'a danger to the world'

Billionaire investor George Soros on Thursday warned that President Donald Trump's administration threatens to put the U.S. and North Korea on a war footing. He described the administration as "a danger to the world" but said he expected a landslide win during the 2018 midterm elections in the U.S. to turn the tide on the presidency. The 87-year-old Hungarian-born investor's comments came during a speech in Davos, Switzerland at the World Economic Form. Soros in the past has expressed concerns about Trump and democracy across the globe since Britain voted to exit from the European Union in June of 2016. According to The Wall Street Journal, Soros lost about $1 billion on wrong-way bets following the stock market's rally after Trump's election victory. Soros helped pioneer the hedge-fund industry and is best known for an outsize bet against the pound in the early 1990s. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

11/28/2017 11:58:07

South Korea ETF rallies after reports of North Korean missile launch

The largest exchange-traded fund to track the South Korea equity market rose on Tuesday, despite media reports that North Korea had fired a ballistic missile. The iShares MSCI South Korea Capped ETF rose 1.4% in afternoon trading. While the fund fell from its highs of the session after the reports, it remained in solidly positive territory. The missile was reported by South Korean media outlets, which said the missile flew eastward. It was unclear how far it flew. Earlier this year, North Korea fired a missile that flew over Japan. Thus far this year, the South Korea ETF has shrugged off all manner of tensions with North Korea, and is up more than 40% on the year. The S&P 500 is up 16.7% while the Dow Jones Industrial Average is up nearly 20%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.